Leverage Shares 2X Long PYPL Daily ETF (PYPG)

The Leverage Shares 2X Long PYPL Daily ETF is a leveraged single-stock fund from Leverage Shares, a sponsor of leveraged products in the U.S. and Europe. Its underlying stock is PayPal Holdings, the digital payments company.

The fund seeks daily results, before fees and expenses, equal to two times the daily percentage change in PayPal's share price, typically using swap agreements to achieve its leverage.

Because the leverage is reset each day, the fund targets daily returns only. Over longer periods, compounding can make its performance differ significantly from twice the return of PayPal stock, especially during volatile markets. It trades on the Nasdaq under the ticker PYPG.